Alliance Wealth Advisors LLC UT Has $792,000 Position in The Procter & Gamble Company (NYSE:PG)

Alliance Wealth Advisors LLC UT cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,404 shares of the company’s stock after selling 288 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Procter & Gamble were worth $792,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Naples Money Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $29,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $29,000. Criterion Capital Advisors LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $33,000. Mendota Financial Group LLC grew its holdings in Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after buying an additional 261 shares in the last quarter. Finally, Morton Brown Family Wealth LLC lifted its position in shares of Procter & Gamble by 206.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after acquiring an additional 281 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.8 %

Procter & Gamble stock traded down $1.26 during mid-day trading on Friday, reaching $161.29. The stock had a trading volume of 5,659,784 shares, compared to its average volume of 6,820,118. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $164.32. The stock’s 50-day simple moving average is $159.64 and its 200-day simple moving average is $153.51. The firm has a market capitalization of $380.67 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 3.30 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Insider Activity

In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 45,000 shares of Procter & Gamble stock in a transaction on Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the sale, the chief executive officer now owns 973 shares in the company, valued at $151,788. The disclosure for this sale can be found here. Insiders have sold 100,865 shares of company stock worth $16,029,280 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on PG shares. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Wells Fargo & Company increased their price target on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Barclays increased their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, January 18th. Finally, Raymond James increased their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.